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20121116
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KPIX (CBS) 42
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CBS
Nov 9, 2012 12:00pm PST
is approaching. economists say the fiscal cliff could throw the economy back into a recession. both republicans and democrats emphasize compromise. >> this is an opportunity for the president to lead. this is his moment to engage the congress and work towards a solution that can pass both chambers. >> reporter: the cliff is automatic tax hikes that could kick in by the end of the year. the average american family will pay between 2 and $3000 in additional taxes. 12,000 government programs will see cults and unemployment is expected to -- cuts and unemployment is expected to climb back above 9%. >> the big problem is uncertainty. we need to see progress on the fiscal cliff. so long there is uncertainty that will hamper the economy. >> reporter: reported jobs here could expand by 7.2% between 2013 and 2014. this is because of solid job growth and technology in san jose and san francisco. >> if there is a potential recession on the horizon, companies are not going to expand. they're not going to spend the money on hiring new employees. they may cut more employees and we're back to square one in tr
CBS
Nov 10, 2012 6:00pm PST
on the moon. now the world's number two economy, change has come quickly to china, and next week, a new lineup of leaders will be chosen. bill whitaker is in beijing. >> reporter: by the time the people's congress ends next week, vice president xi jinping will be chine's new president. his job for the next decade? to keep this powerhouse economy growing and the communist party in power. i was last on assignment in china almost 20 years ago. a lot has changed in that time. i certainly have. who would have thought that a nation of more than a billion people, the most populous in the world... china has changed tremendously. back then, beijing was low rise with bicycles. beijing now is one big traffic jam with high rises to the horizon, designer shops seem to be on every corner. people here joke the crane is china's national bird. despite all these changes, actually because of them, the big story remains the same-- china's tremendous economic growth. the challenge for china's new leaders, to sustain growth in the face of staggering problems, rampant political corruption, a widening gap between ric
CBS
Nov 11, 2012 7:30am PST
it gets us to sea level. the economy is coming back. we can see a brighter future. over time, we can reinvest in education, reinvest in higher education, social services. but it's not happening tomorrow and it's not happening the next day. >> so what everybody's wondering, will our taxes be raised within the near future, the next year, two years? >> well, voters decided that taxes will be raised, of course-- >> besides prop 30. >> beyond prop 30? that's not where we're going to be focusing. there are other things that we can do with a two-thirds vote threshold. a lot of the dysfunction that appears from sacramento is because the majority has not had the authority to do its job. with a two-thirds vote threshold, without a two-thirds majority, the minority can literally veto what the majority wants. now the majority can do these jobs. >> it's a little evasive. we're saying not taxes, at least not now. what are the other things you think are going to be on the table? >> fiscally related, we can look at tax credits, tax expenditures, tax loopholes, mostly benefiting corporations. they ca
CBS
Nov 11, 2012 11:00pm PST
conservative leaders will be spectators over the next two years. >> more jobs lost, the economy down in who years, people will want answers. republicans notom need to have the answers but they need to spend the time in the districts today. >> as for the governor, his own party now has the ability to override his vetoes and the ability to raise taxes on their own. >> i voted for it. the only way to raise a tax is ask the people. >> leno said they will close the loopholes and the focus is is not on increasing taxes, republicans call that a bluff. >> the first tax increase, the next tax increase is never the last tax increase. the last time california had a super majority was back in tphaep33 and that time it was the republicans in power. the new legislators will be sworn in on december 1st. >>> berkeley's measure is still counted tonight. now t shows that it is losing. 5 days after the election measure s trailed by about 1400 votes. it would outlaw people sitting on the lawn during business hours. measure t, allowing taller buildings in berkeley is losing by 400 votes. a dramatic rescue. 20-y
CBS
Nov 8, 2012 6:00pm PST
are hurting giving back not only to the people but to the economy. they buy food there, supplies, they buy heat and gas and it's an amazing, amazing gift. if you can give anything, it goes directly to the people who need it. 105 grand. way to go. all right. we're there until 7:00 right, roberta? >> reporter: we love you, bay area. thank you for having so much heart. >> big heart. all right. thanks. we'll check back with you. >>> the homosexual sodomy movement is attacking chik-fil- a because it supports traditional normal american values. >> the dueling protests at the bay area's newest chik-fil-a. >> bay area drivers willing to wait in traffic. we are going to show you the goal at the end of that gridlock. it is a jammed- packed, grad [ laughter ] [ girl ] wow, you guys have it easy. i wish i had u-verse when i was your age. in my day, we didn't have these fancy wireless receivers. blah blah blah. if i had a sleepover, i couldn't just move the tv into the playroom. no. we had to watch movies in the den because that's where the tv outlet was. and if dad was snoring on the couch, we muscled
CBS
Nov 7, 2012 5:30pm PST
as a business leader who could create jobs and fix the economy. but when we asked who'd do a better job of handling the economy, romney ended up with only about a one-point advantage here, 49% to 48%. so the president effectively neutralized the economy issue which had been thought to be so dangerous for him. scott? >> pelley: anthony, thanks very much. as nancy cordes was just telling us, we're about seven weeks from those automatic tax increases and budget cuts that are due to kick in automatically. congress design the so-called fiscal cliff to be so painful that it would force a compromise between the white house and capitol hill. but the voters have returned the same politicians wh politicianst reach a deal last time. here's wyatt andrews. >> just weeks away from now loom it is so-called fiscal cliff. >> reporter: under pressure from the fiscal cliff, house speaker john boehner started a public negotiation with the president. saying republicans would accept an increase in tax revenues if they're tied to tax and entitlement reform. day one after the election and the speaker said it w
CBS
Nov 11, 2012 8:30am PST
, charges and expenses. read and consider it carefully before investing. the economy needs manufacturing. machines, tools, people making stuff. companies have to invest in making things. infrastructure, construction, production. we need it now more than ever. chevron's putting more than $8 billion dollars back in the u.s. economy this year. in pipes, cement, steel, jobs, energy. we need to get the wheels turning. i'm proud of that. making real things... for real. ...that make a real difference. ♪ for real. ...that make a real difference. can it know when ite needs to be repaired? and when it doesn't? in industries like manufacturing and energy, they're using predictive analytics to detect signs of trouble helping some companies save millions on maintenance, because machines seek help before they're broken. and don't when they're not. that's what i'm working on. i'm an ibmer. let's build a smarter planet. >> schieffer: this was a close election, so there were almost as many people who felt bad about it as good about it. so if you're one of those who is down in the dumps, just think abou
CBS
Nov 14, 2012 5:30pm PST
to hurt our economy and make job creation more difficult which is exactly what that plan would do. >> reporter: today the president argued closing loopholes alone won't be enough to cut the deficit. he'll have that argument face to face with wayne or friday. one of the most frequent criticisms we've heard over the past few years from members on both sides if you haven't done enough to reach out and build relationships. are there concrete ways you plan to approach your relationships with congress in the second term? >> look, i think there's no doubt that i can always do better. and i don't exempt myself from needing to do some self- reflection, and see if i can improve our working relationship. there are going to be times where there are fights, and i think those are fights that need to be had. >> reporter: the president warned today that if the two sides don't strike a deal, it could hurt the holiday shopping season and dampen holiday hiring, scott, as people prepare for the possibility that their tax rates will go up on january 1. >> pelley: thanks, nancy. it was all across europ
CBS
Nov 9, 2012 5:30pm PST
rates would slow down the economy and our ability to create jobs." but, scott, there is also some wiggle room here because boehner has put new tax revenues on the table. so i asked the speaker today: what is the difference between rates and revenues? and he explained republicans might raise revenues by cutting tax deductions. could you give us an idea, any more examples of where you're les g with that? because if tax rates are not on e,e table, are you talking about going after deductions? >> it's clear that there are a lot of special interest loopholes in the tax code-- both corporate and personal. it's also clear that there are all kinds of deductions, some of which makes sense, others don't. >> reporter: two of the biggest deductions in the tax code are the mortgage interest tax deduction and the health insurance that workers get from rs tr employers tax free. what boehner is suggesting was proposed by mitt romney in the campaign. essentially raising taxes on the rich by limiting what they take off their taxes. the president has dismissed this approach before because these same deduct
CBS
Nov 10, 2012 5:30pm PST
in education and job training and manufacturing all the ingredients of a strong middle class and strong economy. >> instead of raising tax rates on the american people and accepting the damage it will do to the economy let's start to actually solve the problem. the tax reform. lowers tax rates. instead of accepting arbitrary cuts, that will endanger our national defense, let's get serious about shoring up the entitlement programs that are the primary drivers of our country's massive growing debt. >> both the president and republicans are willing to compromise and hope to reach an agreement. >>> well, new details tonight in the search for the suspect in the murder of his wife in san jose. he was found dead late this afternoon. the body of 50-year-old troy know sen sow was found in his -- know sen sew was found in his car. they had been searching for him since his wife patricia was found dead in their hole yesterday orange. >>> on this holiday weekend one bay area hospital is offering hope for veterans. cbs 5 reporter anne makovec shows us the ground-breaking program helping am pew tree athletes
CBS
Nov 15, 2012 4:00am PST
with business leaders to talk about the economy. meanwhile stocks have fallen steadily since mr. obama won re-election. the dow lost 185 points on wednesday. it's down 430 points since election day. nancy cordes reports on the looming high budget battle. >> step number one we can take in the next couple of weeks provide certainty to middle class families, 98% of families who make less than $250,000 a year, 97% of small businesses that their taxes will not go up a single dime next year. give them that certainty right now. >> reporter: but john boehner has balked at that idea. it would take away his party's leverage in fiscal cliff issues. >> there's a lot of issues on the table that need to be resolved. i laid out a reasonable framework where both parties can work together and i'm looking forward to meet at the white house on friday and begin that conversation. >> reporter: boehner and other top republicans have proposed eliminating deductions and loopholes that benefit the wealthy instead of raising their tax rates. >> we're not going to hurt our economy and make job creation more difficult,
CBS
Nov 8, 2012 5:00am PST
economies is now harming germany's economy. and so as a result, we get a little testy early on in the morning. right now, actually the futures are pointing slightly higher and i'm emphasizing "slightly." >> a lot of people thought it was because of the election. it was like the perfect storm of things going on in europe, as well. what about the "fiscal cliff"? what are the worries there? >> reporter: well, i spoke it a lot of large money managers. these are the people who are running the funds that are inside of your retirement accounts and they said they were very spooked by the tough words from partisan politicians over the "fiscal cliff." and don't forget, not only are those spending cuts and tax increases set to go into effect in january. but if you're an investor, you have to worry that the combined effects raises your taxes by about $3,700 per taxpayer and could send the u.s. economy back into a recession. so that's why the ratings agency fitch said that unless congress and the president come to an agreement quickly, they risk losing our beautiful aaa rating next year.
CBS
Nov 7, 2012 11:00pm PST
central bank admitted the euro zone crisis is now harming the once mighty german economy. >> on the subject of taxes, the passage of prop 30 means some californians will get money back. it lessens the risk of another round of budget cuts. for the csu system, a midyear fee-hike will be canceled. many students may get a refund of a previous hike of $241. that hardly solves the state's problems. >> we have to make sure over the next few years that we pay our bills, invest in the right programs but don't go on spending binges like in the days of the dot com boom. >> there's been an up take in home burglaries in the many bay cities, many of them blamed on 35-year-old anna lausi and ladson were arrested. officers found stolen drugs in their car. police say they're behind 15 residential burglaries in san mateo and contra costa counties. >> cbs 5 reporter shows us they're hoping one neighbor in particular can help them out. >> it used to be a beautiful place. it used to be a tranquil place but now it's a place where people are terrorized. >> reporter: she's talking about oakland
CBS
Nov 11, 2012 5:30pm PST
job night, the economy down in two years, people will want answers. republicans not only need to have the answers but they have to spend the time in the districts, today. >> as for the governor his own party now has the ability to override his vetoes and the ability to raise taxes on their own. >> the only way to raise a tax is to ask the people. >> reporter: they say they will close the tax loopholes but their focus is not on increasing taxes the republicans call that a bluff. >> the first taxip crease, the next is never the last tax increase. >>reporter: the last time california had had a super majority was back in 1933. that time it was the republicans in power. the new legislatures will be sworn in on december 1st. in the news room, back to you. >>> president barack obama marked veterans day at arlington national cemetery. the president, vice president and their wives took part in the traditional wreath laying ceremony of the tomb of the unknown. afterwards he noted it is the first veterans day in a decade there are no americans fighting in iraq. >> after a decade of war, our he
CBS
Nov 11, 2012 6:30pm PST
project of retail, housing and transportation on the city's west edge. they credit the economy for pushing it it forward. >>> well, the nip in the air made it great time for ice skating. >>> it has been an unseasonably cool weekend. now the days the rain ark arrives -- arrives. ,, hmm, it says here that cheerios helps lower cholesterol as part of a heart healthy diet. that's true. ...but you still have to go to the gym. ♪ the one and only, cheerios ...and now... you! [ giggles ] ♪ the one and only, cheerios and now the city of san rafl one, just in time fo >>> it has been more than 25 years since marin county had an ice rink. now the city of rafell has one in time for the holidays. 5,000 square feet of real ice. it including skating times for parents and their little ones and family night on tuesdays. rent skates and hit the ice for $15 a person and it will stay open until middle january. >> all right, we can not resist it. the holidays are coming upon us. >> it is cold enough for the ice to stay all weekend. 30 degrees overnight. it was 32 degrees in napa and grab your jacket and head
CBS
Nov 13, 2012 4:30am PST
. >> supporters dismissed the complaints saying more money in people's pockets will be good for the economy. >>> silicon valley has won another honor. >> it's all electronic model has been named the 2013 motor trend magazine car of the year. this is the first time an all electric car has received the horn. it beat out a -- honor. it beat out a dozen other cars, including the lexus ls. the model s can go 265 miles in a single charge and has a starting price tag of $57,000. and by the way, just in time for christmas, lamborghini unveiled its new model in singapore. it has a 700 horsepower engine, goes from 0 to 60 miles per hour just 3 seconds flat. it costs 440,000 bucks. it hits the showroom next spring or early summer. >> that looks good in the cbs parking lot. >> in 3 seconds, can you imagine. >>> spreading scandal, the high ranking general who is now being linked to the petreaus probe. >>> and a pittsburgh suspect confessed to murder, but now he's free, why a judge tossed the case. >>> and the port of oakland official who lost his job over questionable spending. ,,,,,,,,,,,, ,, there are
CBS
Nov 15, 2012 7:00am PST
% that we can't afford and, according to economists, will have the least positive impact on our economy. a modest tax increase on the wealthy is not going to break their backs. >> one of the most frequent criticisms we've heard from members on both sides is that you haven't done enough to reach out and build relationships. are there concrete ways you plan to approach your relationships with congress in the second term? >> look, i think there's no doubt that i can always do better. i think all of us have responsibilities to see if there are things we can improve on. i don't exempt myself from needing to do some self reflection and see if i can improve our working relationship. >> reporter: the president will be landing in new york city in about an hour and a half to tour the devastation left by hurricane sandy. then tomorrow he sits down with congressional leaders from both sides to discuss ways to avoid going over the fiscal cliff. charlie and norah? >> nancy cordes, thank you. cbs political director john dick erson is here with me. >> it's good to be in washington. >> you've reversed r
CBS
Nov 8, 2012 7:00am PST
the fragile economy. yesterday the republican speaker of the house laid out his path to a deal. democrats agree to entitlement cuts, he says republicans are open to new revenues and what he calls tax reform. >> we're willing to accept new revenue under the right conditions. what matters is where the increased revenue comes from and what type of reform comes with it. >> but boehner shot down the idea of tax increases specifically targeting the rich something the president insisted on during his campaign. earlier in the day, the top democrat in the senate implied that any compromise would need to include the president's plan. >> there was a message sent to us by the american people based on the campaign. that is people making all this money have to contribute a little bit more. >> reporter: now exit polls from tuesday showed that voters side with the president on the tax issue. 47% of voters said that taxes should increase for people making more than $250,000 a year. 13% said that they should increase for everyone. administration sources say that there's speculation
CBS
Nov 9, 2012 7:00am PST
house says he will talk about growing the economy and row duesing the federal deficit. nancy cordes is at the white house. what is the president trying to accomplish here? >> reporter: i think he is trying to keep speaker john boehner from setting the ground rules when it comes to negotiations over the fiscal cliff, mix of spending cuts and tax increases that will kick in at the end of the year. after returning to the white house victorious you'll hear the president argue today, as he did so many times on the campaign trail that household income over $250,000 a year should revert to those higher clinton era tax rates. white house aides say his victory is a sign that the american people feel the same way. they have no plans of backing down. they have not said how they plan to handle negotiations on the fiscal cliff. they've really just been regrouping. he met with top aides about it yesterday. capitol hill is telling me that they're waiting to hear how the white house wants to move forward. there's really nothing they can do until they hear from the white h
CBS
Nov 10, 2012 5:00am PST
rise about 9% and the economy will go into recession. house speaker john boehner said he's willing to deal too but want the funds to come from closing tax loopholes not raising tax rates. >> everyone wants to get our economy moving again. everyone wants to get more americans back to work again. raising tax rates will slow down our ability to create the jobs that everyone says they want. >> reporter: the president says he's not whetted to every detail of the plan but two days after his election he says americans agree with his approach. now he has to convince republicans he has that mandate. >>> so just how much of a threat is the fiscal cliff and what are the chances of an agreement to avoid a potentially dire consequence? steve rattner is a leader of the nonpartisan group campaign to fix the debt. he oversaw the auto industry bailout for the obama administration. steven, welcome. the stakes here are quite high for the average american family 90% of the country is going see a tax hike. you might see them if you're in an average income household go up $2 $3,000. w
CBS
Nov 11, 2012 6:00am PST
. roll over your old 401(k) into a fidelity ira and take control of your personal economy. this is going to be helpful. call or come in today. fidelity investments. turn here. ♪ >> osgood: and now a page from our sunday morning almanac. november 11, 1885, 127 years ago today. the day of future consequence for the u.s. army. for that was the day george s. patton was born in san gabriel california. patton attended west point and served as an officer in the army's brand new tank corps during world war i. by sheer chance the armistice that ended the war in 1918 was declared on his 33rd birthday, november 11, the date we now mark as veterans day. by world war ii george patton was a general credited with decisive u.s. victories in north africa, france, and germany. along the way he attracted public attention with his very personal and sometimes controversial style of leadership. portrayed by george c. scott in the 1974 film "patton." from the rousing way he addressed his troops... >> all real americans love the sting of battle. >> osgood: ... to the widely reported incident in 1943 when he s
CBS
Nov 12, 2012 7:00am PST
of the economy a lot of airline pilots are taking early retirement because their pensions are frozen, they are not happy and are leaving in unprecedented numbers. let's go back to 2009 the national transportation safety board made a recommendation saying you need 1500 hours of experience before they will let you in the plane. the airlines have to field those people. the problem is it's not a surprise to the airline industry. they are acting as it's a big surprise. >> what do you differ from what sully said. >> i don't. >> you're on the same page. >> absolutely. you can't create a crisis and say it's an economic impact when you've known about it for a long time and the rules are in place and sully would agree are minimal rules. if you see what the actual >>> if you are headed out the door, this morning, yeah, bundle up. it's a little chilly out there. temperatures in the 30s and 40s looking nice and clear toward the golden gate bridge. we'll likely see passing clouds as we head throughout the day today. 34 degrees in fairfield. 37 concord and 38 in livermore. highs only in the 50s tow
CBS
Nov 9, 2012 5:00am PST
appointment to come and pick up the food and the toys. >> reporter: we all know the economy has been rough. what kind of increasing need have you seen over the last few years? >> we actually expect to see the same number last year which was a record number the reason is it reflects the poverty numbers within our county. last year, it was 10.6%. it's still at 10.6%. there's a lot of people in need out there post-recession so even as the economy gets better that's mostly high-end employment that's changing for high-tech, high education jobs. a number of people in line starting at 11:00 yesterday morning, they are struggling to get full-time jobs with benefits. the first person in line they have really been hurting because of medical issues within their family and can't get the assets together. >> reporter: jay pecot with sacred heart community service. i spoke with a lot of these people in line as well and they are so appreciative of what they are getting. sacred heart runs on donations so wonderful charity. that's what we have life for you at sacred heart before the doors open. anne makove
CBS
Nov 7, 2012 5:00pm PST
economy is improving and they finally did it. i'm happy. >> reporter: and those who didn't have a shopping invitation today decided to do a site preview bringing along some friends. >> betsy, wetski and squirrely whirly. >> they like to shop and they like high-end items. >> reporter: so i have learned that dogs, well behaved dogs, are allowed to shop. opening day 10 a.m. tomorrow with champagne and confetti ceremony. will they be ready? they say they will n livermore, i'm juliette goodrich, cbs 5. >>> they park their car follow the rules but still it was a months long battle after their car was towed. tonight cbs 5 consumerwatch reporter julie watts explains what they had to do to get justice. >>> reporter: exhausted and anxious, the chang family waits outside the san francisco courtroom. >> i just couldn't figure out what we did wrong and that's what ate away at me. >> reporter: it's been six months when their dodd suggested brian drive their sister to the mall and walk the two blocks to the school so jenny had access to the car while shopping. instead it was towed. even though park somet
CBS
Nov 8, 2012 4:00am PST
spending cuts and tax increases that could send the economy back into recession. tara mergener reports. >> reporter: president obama and the first family returned to the white house wednesday evening, in his words more determined about the work that lies ahead. the president laid out part of a second term agenda in his victory speech tuesday night. >> reducing our deficit, reforming our tax code, fixing our immigration system, freeing ourselves from foreign oil. we got more work to do. >> reporter: earlier the president embraced staffers at his campaign headquarters in chicago. he acknowledged he has to bring the country together after a costly and bruising campaign. >> whether i earned your vote or not, i have listened to you. >> reporter: and the gop listened too. house speaker john boehner promised his party is willing to get down to business. >> the republican majority here in the house stands ready to work with you to do what's best for our country. >> reporter: both sides will be put to the test almost immediately. the president and congress will have to work together to overcome
CBS
Nov 8, 2012 12:00pm PST
. >>> an upscale mall may give a big boost to the bay area economy bringing thousands of jobs to the tri-valley area. cbs 5 reporter cate caugiran shows us the grand opening of the paragon outlets in livermore. they promise deals for their customers. >> 3,2, 1, whoo! >> reporter: with the pop of champagne and blast of confetti, the city of livermore welcomed its newest economic hub. >> we have 543,000 square feet of retail that's opening up really in the middle of the worst recession in the post-war era. >> reporter: the new outlets will bring a boost to the city. it will add $1 million in new revenue and bring more than 2,000 permanent jobs plus 1500 seasonal jobs. >> there really will be more here. we have great dining, people can come out in the mornings to go shopping to the wineries in the afternoon and then go into our downtown for dinner. >> reporter: as soon as the shops open, so did the cash registers. shoppers wasted no time taking advantage of the outlet's opening day. and with black friday just two weeks away, shoppers are hungry for deals closer to home. >> i love to shop. a
CBS
Nov 8, 2012 5:00pm PST
their budgets slashed. and this could be a tough blow for an economy making a slow recovery. >> it's very, very likely we suffer very deep recession and i don't think that's the way we want to go here. >> of course, congress built this cliff when lawmakers approved budget cuts to reach a deal on the debt ceiling. and that deadline comes just as the bush-era tax cuts are set to expire. washington worries caused stocks to fall extending a slump into a second day. dow down today 121, nasdaq down 42, s&p 500 down 17. >>> these students amount uc- berkeley want their share of the prop 30 pie. the voter-approved tax measure is supposed to raise $6 billion for the state's public schools. those standing out there in the rain today demanded an immediate rollback of tuition. >> the point is not that we need to refund education. we need to completely restructure it. and we need to put our priorities in educating students. >> the prop 30 money is not designated for uc funding. it's supposed to prevent more uc cuts. >>> checking other bay area headlines, dueling protests at the chik-fil-a grand opening in
CBS
Nov 8, 2012 5:30pm PST
didn't reach many rural areas, and now the economy is slowing. if you could come up with one drd to describe your life in this village, what would it be? >> "hard" says farmer jin dengshan. he, his wife, and three young thldren live in rural henan province on $800 a year they earn selling mushrooms. they were part of the 128 million chinese who subsist on less than $1.25 a day. "i resent rich people" he said. "it's so unfair." is neighbor, upon it jin xinzhen, said he's too poor to d.t married. "we are like 1,000 miles away from the rich. we couldn't catch up if we had a rocket," he said. when they instituted capitalist reforms, china's leaders said to get rich is glorious. oday, hu jintao warned of aocial unrest if new leaders fail to narrow the income gap. bill whitaker, cbs news, revealin >> pelley: u.s. navy seals are part of an elite force that operates in the shad shadows, best known for killing osama bin laden. but our pentagon correspondent david martin has learned a group of seals is being disciplined rairevealing secrets. >> reporter: the seven members of seal team 6 ar
CBS
Nov 9, 2012 4:00am PST
in their vision of how to deal with the economy. >> there was a message sent to us by the american people based on the campaign. people making all this money have to contribute a little bit more. >> the american people made clear there's still a mandate for raising tax rates. >> reporter: president obama won re-election on the idea that the wealthiest americans should pay more in taxes. a new study said the president's plan would increase revenue and slow economic growth by a tenth of a percent. >> good afternoon, everyone. >> reporter: republicans point to a different study. >> the independent accounting firm of ernst and young said going over the fiscal cliff and raising taxes on the top two rate would cost jobs. >> reporter: how to avoid this fiscal cliff are expected to begin in earnest next week when congress returns to work. bolt democrats and republicans say they are willing to work together. >> legislation is the art of compromise, consensus building. >> reporter: house speaker john boehner said republicans are willing to raise revenue but only under certain conditions. >> what matters
CBS
Nov 9, 2012 5:00pm PST
plan. i'm open to compromise. i'm open to new ideas. >> everyone wants to get our economy moving again. everyone wants to get more americans back to work again. >> reporter: could this be washington code for a real compromise? political science expert max neimann says that's exactly what it is. >> and there's a kind of dance taking place in which each side wants to portray itself as the one that is reasonable. >> reporter: that could be tough on capitol hill. today the president promised to veto any deals that include tax cuts on people making more than $250,000 a year a move republicans say will only cost more jobs. >> if we're serious about reducing the deficit, we have to combine spending cuts with revenue. and that means asking the wealthiest americans to pay a little more in taxes. >> according to the ernst & young raising the top rates would destroy nearly 700,000 jobs in our country. >> reporter: while the president and the speaker are at odds over income taxes on wealthier americans, they both signal that there are places where they could find middle ground, getting rid of tax
CBS
Nov 10, 2012 7:00am PST
, more than 30 teams will push their economy transportations off a 30 foot high platform. flutag means flying day in german. the first u.s. event happened in san francisco 10 years ago. and i would have to say it's another one of those situations where people with too much time on their hands. i don't know. >> build something, and dump it in the water. what better way to spend a weekend. >> yeah, yeah. >>> good to see you ms. m. how are you? >> yeah. we're glad you're back this weekend. >> it's chilly around the bay area. we have frost advisories posted. let's go out and see exactly what's happening. temperatures diving down so that the national weather service at 3 in the morning said well, let's post a frost advisory. first of the season, the north bay is mostly susceptible to this. it's only posted through 8:00, but these are the coolest temperatures of the day. an hour after sunrise you can get the coldest temperatures of the day. at the moment we're ranging between 29 and 34 in the north bay. so protect your plants and pets and mother-in-law and all that stuff. right now, numbers
CBS
Nov 11, 2012 5:00pm PST
in the economy that hurt people in the middle class. he was using outsourcing. they were using offshoring. they were painting him as the kind of bad guy that led to the economic situation people are in. >> schieffer: it seems to me in the beginning they just made a streamic mistake about ohio. why would you go and campaign against the auto bailout in a place where it worked, where they put people back to work? that seems like an odd way to go about it. i don't think it's the polling in the end that they didn't understand. i mean, that-- why would you use that? that was-- that was the thrust of their message out there. the auto bailout was wrong. >> yeah, well, they thought-- what confused them a little bit is they thought it's about independence in ohio. and we're doing well. they targeted independents, knocked on their doors. these are people who hadn't participated in the primaries of either party, and they were winning with those independents. a senior strategist said to me, fmitt romney loses ohio, i'll give you $1,000 to your favorite charity for every point he wins among independent
CBS
Nov 12, 2012 4:00am PST
recession. >> everybody recognizes that this will be a terrible thing for american families, for our economy, for just running the government in a sensible way. >> president obama has said any deal must include a tax increase on wealthy americans. an idea that republicans are pushing back against. >> raising those rates on january 1st would according to the independent firm ernst and young destroy 700,000 american jobs. >> but on "face the nation" sunday republican senator lindsey grahamsaid the gop would be open to other means of increasing revenue. >> we don't need to raise taxes, we need to limit loopholes and deductions for the wealthy. >> while members are not supportive of the tax plan, john boehner are urging them to make compromise, something president obama senior adviser david axelrod called encouraging. >> there's money to be gained by closing some of these loopholes and applying them to deficit reductions. >> one half of those automatic spending cuts would affect the defense department's budget. david martin shows us what that means for the military. >> reporter: the dreaded sequ
CBS
Nov 12, 2012 5:00pm PST
't expire, you should still use thek quickly because in -- use them quickly because in this economy, the store might expire with bankruptcy. >> honestly haven't thought of that. >> with barnes and noble and we see it all of the time. >> mine end up fermenting in my wallet. >> time to use those. >>> black friday is coming a day early this year. several stores opening on thanksgiving, thursday. changing holiday traditions too. mike sugarman on how many folks are fighting to stop the holiday rush. >> this is a story of holidays. kevin took care of them pretty well in home alone. now this creep comes after the dishes are put away on thanksgiving night. >> it is in the evening, not occurring at noon, and they love having something to do. >> consumer analyst is talking about stores offering and opening deals on thanksgiving, instead of waiting for the black friday morning, feeling the heat from online shopping. >> and then i have another group of consumers that sort of feel like it is sack religious. >> but some employees are fighting back. last year there was a petition on change.org to
CBS
Nov 15, 2012 4:30am PST
of the communist party he will lead china's military and economy. >>> 4:47 now. the bp oil company is expected to admit criminal misconduct in connection with the massive 2010 oil leak in the gulf of mexico. several sources say bp and the u.s. justice department have agreed on a plea deal and details could be announced as soon as today. the company will reportedly acknowledge some type of criminal behavior and is expected to pay a record fine. >>> today's scheduled hearing for colorado mass shooting suspect james holmes has been postponed. holmes' attorney requested the delay after his client was taken to a hospital for an unspecified injury yesterday. holmes is accused of killing 12 people, wounding 58 at an aurora movie theater back in july. >>> cancer charity "livestrong" foundation is formally dropping founder lance armstrong from its name. the cycling legend stepping down as the chairman and resigned from the board of directors because of accusations that he used performance-enhancing substances. armstrong decided to stop fighting the u.s. anti-doping agency and has since been stripped of
CBS
Nov 7, 2012 6:00pm PST
our economy is improving and they finally did it. i'm happy. >> reporter: and those who didn't have a shopping invitation today decided to do a site preview bringing along some friends. >> betsy, wetski and squirrely whirly. >> they like to shop and they like high-end items. >> reporter: they are getting ready for the opening tomorrow. the malls and the shopping stores start at 10 a.m. with a champagne toast and a confetti sendoff and all of that. i did some research today as we know and i went inside some of th stores. there are discounts but you have to search. this is an outlet store so there might be a size 2, 6 and 16. >> you were there on a professional mission. >> reporter: always. >> just checking. [ laughter ] >> thanks. >>> pepsi wpesi is going to get wetsy! >> good shopping weathe. temperatures have dropped and now we are going to see some rainfall in the bay area. here's a peak of what's going on outside. south bay san jose, already down into the 50s. may not hit 60 degrees for the next two or three days. it's going to get chilly out there. concord 57, downtown san fran
CBS
Nov 9, 2012 6:00pm PST
detail of my plan. i'm open to compromise. i'm open to new ideas. >> everyone wants to get our economy moving again. everyone wants to get more americans back to work again. >> reporter: could this be washington code for a real compromise? a political science expert says exactly what it is. >> and there's a kind of dance taking place in which each side wants to portray itself as the one that's reasonable. >> reporter: that could be tough on capitol hill. today the president promised to veto any deals that include tax cuts on people making more than $250,000 a year a move republican leaders say will only cost americans more jobs. >> if we're serious about reducing the deficit, we have to combine spending cuts with revenue. and that means asking the wealthiest americans to pay a little more in taxes. >> according to ernst & young raising the top rates would destroy nearly 700,000 jobs in our country. >> reporter: while the president and the speaker are at odds over income taxes on wealthier americans, they both signal that there are places where they could find middle ground getting rid
CBS
Nov 11, 2012 7:00pm PST
in this economy? that's our story tonight. >> come along with david mccullough when he goes along on our journey to paris before independence, a time of a new generation. >> they came here in order to improve themselves and to thereby improve their country. >> as for this generation of americans, america's favorite historian is less than enthusiastic. >> we are raising children in america today who by in large historically are ill it illiter. >> i'm steve kroft. >> i'm lesley stahl. >> i'm morley safer. >> i'm lara logan. >> i'm byron pitts. >> i'm scott pelley. those stories tonight on "60 minutes." that was me... the day i learned i had to start insulin for my type 2 diabetes. me... thinking my only option was the vial and syringe dad used. and me... discovering once-daily levemir® flexpen. flexpen® is prefilled. doesn't need refrigeration for up to 42 days. no drawing from a vial. dial the exact dose. inject by pushing a button. flexpen® is insulin delivery... my way. levemir® (insulin detemir [rdna origin] injection) is a long-acting insulin used to control high blood sugar in adults and
CBS
Nov 14, 2012 6:00pm PST
the economy improved? >> good observation. this recovery is not bringing everyone out. the stock market may be up but our service levels are longer. we have as many people waiting for food as two years ago waiting for food assistance. >> reporter: including children. so we are working hand in hand with this brand-new whole foods on ocean avenue. chanel is making it so simple? >> so easy with our grab and give program customers can donate breakfast, lunch, dinner, a whole day of meals for a family of four at any register at any whole foods market in the bay area. >> reporter: just take the card to the cashier and donate. we are going to tell you how you can help coming up later in the newscast. dana and allen? >> fabulous. thanks so much. >>> if you carry a cell phone there's a greater chance that you're going to become a target. the dramatic rise in the electronic thefts in the bay area. [ no microphone ] >> how does this former nfl linebacker end up living in a tunnel? >> things are breaking down. >> why the hits he took as a 49er may have led to his homelessness. broken dreams, coming u
CBS
Nov 15, 2012 5:00am PST
. as the head of the communist party, he will lead china's military and economy. >>> it is 5:11. taking a pay cut. >> why the csu's new chancellor wants a smaller salary. >> plus trumpeting their excitement. the bay area school band that's landed a national gig. >> and going nowhere fast. the viral video of a drunk man's epic escalator struggle. your don't want to miss this. >> excuse me... [ laughter ] ,,,,,,,,,,,,,,,,,,,, going the wrong way on the escalator. a british t-v producer shot this video ofe >>> well, check out the man going the wrong way on the escalator. a british tv producer shot this video of the businessman struggling to ride the escalator in london's tube station. some commuters tried to get him going in the right direction. eventually somebody pushed the emergency stop button to let him off the ride. >> he wasn't getting off. >> elizabeth, i don't think he knew where he was going. >> that's bizarre. didn't you used to do that as a kid to see if you could make it all the way down? >>> a lot of overnight roadwork was picked up now that it's past 5 a.m. here's a live look near
CBS
Nov 13, 2012 7:00am PST
don't happen just in a month or two with the economy. >> reporter: asked about running for president in 2016 a subject of much chatter in washington ryan found the idea this early laughable. >> i think everybody's tired of talking about presidential politics. i am. >> reporter: i tell you, though, here in washington, 2016 and who's going to be the republican nominee is no laughing matter. people are already looking at paul ryan and every move he makes in that context. by the way, jessica arpe is the reporter that did the very fine job in that interview. >> it is interesting to hear paul ryan say what a lot of people think, i've had enough of talking about presidential politics at this point. >> but he also confirms this notion that a lot of people within the romney and ryan campaign thought they were going to win. >> some of the metrics were wrong and now there's an internal debate about how they got it so wrong. >> and we'll get more on that from mike huckabee. >> exactly. mike huckabee will be here shortly. four years ago, remember mike huckabee ran for preside
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